BiggerPockets Money Podcast 14: The Pillars of FI: Designing the Life You Want with Brad Barrett and Jonathan Mendonsa from Choose FI
5 snips
Apr 2, 2018 AI Snips
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Transcript
Episode notes
Index Funds Beat Active Picking
- Low-cost broad index funds beat most active managers over decades because fees and luck erode returns.
- Brad buys a total stock market index to capture long-term growth without stock-picking stress.
Intentionally Lower Your Housing Cost
- Reduce housing cost deliberately; buy the lowest-priced suitable home in your desired area or house-hack to cut expenses.
- Put the savings into investments or business growth to accelerate financial independence.
House Hack To Live For Free
- House hack by renting part of your property or live with roommates to slash your biggest expense.
- Use the freed-up cash to invest and move toward financial independence much faster.